(April 8, 2002 – CropChoice news) – Koreans’ preference for food without genetically modified ingredients, along with cheaper grain from U.S.
competitors, likely will continue to diminish U.S. corn exports to Korea, according to a new report from the USDA Foreign Agricultural Service.
Rather than turn to the United States to satisfy demand for corn to use in livestock feed and processed foods, such as high fructose corn syrup,
Korean buyers will continue to rely on supplies from China and Brazil, which they perceive as suppliers of non-transgenic corn. Of its total corn
imports, the U.S. share likely will account for no more than 22 percent.
The biotechnology issue aside, Korea has also turned to alternative suppliers because their grain is cheaper.
See the report at http://www.fas.usda.gov/gainfiles/200204/135683865.pdf